Interesting March here on the Central Oregon Coast. Numbers of closed sales were up significantly from February (almost double the numbers) with a higher selling prices by $30,000 average. This does not account for the length of the escrow process which could have been up to 90 days. This means that many of these sales actually started in the Fall of 2009. The number of “bank owned” sales was up slightly but nothing like we are seeing in other, harder hit parts of the Country. The bank owned are selling faster than others which typically means few lenders involved with new financing or a high percentage of cash Buyers. The home featured in this post is a good example of a wonderful Ocean Front Custom home originally listed at $1,250,000 and closed for cash at $799,000. There are bargains to be had on the Oregon Coast if you as a Buyer are willing to take advantage of my experience and market savy. Come on over and let’s have a look together.
| Property Type | # Sold in March | Average Sales Price | Days on Market | Avg % of List to Sale Price |
| Site Built | 41 | $250,495 | 194 | 96% |
| Manufactured | 8 | $135,500 | 179 | 89% |
| Condos | 8 | $247,562 | 171 | 93% |
| Land Residentail | 4 | $60,000 | 286 | 77% |
| Bank Owned | 12 | $245,942 | 95 | 95% |
Home sold by Windermere West Coast Properties in March
